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Yahoo’s 2nd Largest Shareholder is Furious about the Failed Microsoft Deal

Just a few days before the Yahoo Annual Shareholders’ Meeting where the fate of the current Yahoo Board is no longer at stake, here comes its second biggest investor planning on withdrawing their support for the Board.

Gordon Crawford of Capital Research and Management was said to be not happy with how both Jerry Yang and Roy Bostock have failed to come to agreement with Microsoft. Unfortunately for Crawford, who owns a 6.5% stake in Yahoo,  they can no longer vote out the current board, as Carl Icahn is no longer pushing his proxy slate as a result of the recent understanding with the current Yahoo Board.

But still, Crawford’s group are free to express their discontent towards the Yahoo Board. Who knows, they might persuade other shareholders to do some drastic moves (if there are still a chance) to oust the Yahoo Board.

 Yahoos 2nd Largest Shareholder is Furious about the Failed Microsoft Deal
Arnold Zafra writes daily on the announcements by Google, Ask.com, Yahoo & MSN along with how these announcements effect web publishers. He is currently building three niche blogs covering iPad News, Google Android Phones and E-Book Readers.
 Yahoos 2nd Largest Shareholder is Furious about the Failed Microsoft Deal

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6 thoughts on “Yahoo’s 2nd Largest Shareholder is Furious about the Failed Microsoft Deal

  1. I’m not surprised he’s furious – I think that in the fullness of time it’ll be seen as the worst move Yahoo ever made.
    Yahoo would have much greater opportunity to shine under M$ leadership than Goog leadership.

  2. Arrogant takes over and stupidity has risen. Yahoo’s biggest mistake. The offering was more than what Yahoo was worth. It was a sincere offer. Yahoo has a very negative connotation now whether they realize it or not. SOLD MY STOCK WITH YAHOO>

  3. From what I have heard…some of the issues with the non-sale had to do with the billion that would have had to have been paid out to Yahoo! employees who were given “flight insurance” offers to stay.

    This type of deal pays out HUGE if the company is bought. A way to get employees to stay with a company.

  4. Something tells me that with Icahn on board – we have not heard the last of this Microsoft deal. Something big is looming…